Liberty Global opens voluntary and conditional cash offer for Telenet Liberty Global (LBTYA) announces that its wholly-owned subsidiary, Binan Investments B.V., has opened its voluntary and conditional cash offer for the outstanding shares and other securities giving access to voting rights of Telenet Group Holding NV that it does not already own or that are not held by Telenet. The prospectus sets forth the next steps in the bid process and provides further justification of the Offer price and its attractiveness for minority shareholders. Shareholders will have until 16:00 (CET) on January 11, 2013 to tender their securities into the Offer before the initial acceptance period closes. Liberty Global believes that an Offer price of EUR35.00 per ordinary share is highly attractive for Telenet shareholders and provides a meaningful premium to relevant benchmarks. The Offer represents an opportunity for minority shareholders to monetize their investment in Telenet at an attractive price and through an expeditious process.
News For LBTYA From The Last 14 Days
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Liberty Global at Goldmanupgraded to Conviction Buy from Buy at Goldman Goldman upgraded Liberty Global to Conviction Buy from Buy citing the pullback in shares, Broadband fiber pricing power, and M&A opportunities. Price target is $53.